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Fallin Signs Bill To Spend $45 Million On Tornado Relief

OKLAHOMA CITY — Gov. Mary Fallin has signed a bill that will allow the state to access $45 million from the state’s Rainy Day Fund to help communities recover from tornado damage.

Fallin on Friday signed a bill that the House and Senate passed unanimously in the wake of the deadly tornado that raked across the state on Monday, killing 24 people and injuring hundreds more.

It allows the state to use the money to match federal disaster funds and for other “disaster-related assistance.”

The state’s Rainy Day Fund, a constitutional reserve fund, currently has a balance of about $577 million. Up to 25 percent of the money can be accessed to pay for emergency-related expenses. The rest is reserved for when the state experiences budget shortfalls.